MKTG1050 Lecture Notes - Lecture 9: Laundry Detergent, Market Segmentation, Psychographic

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Changes in society such as demographics, gender roles and lifestyles create changes in market needs such as products and services. Marketers need to understand these changes to devise new (or make alterations to existing) strategies to account for these movements. Ethnicity and country of origin of australasians: ethnic markets. Different geographic regions have different ethnic markets. Different types of products: country of origin markets. An attribute over which the individual has little or no control. Based on performance criteria over which the individual has some degree of control: traditional vs modern. Gender strategies: marketing communications: treating the genders differently. Example: overtly sexual ads more effective on men than women. "cohort effect" a younger age group may not behave the way a current older group behaves when they reach that age. Make up more than 20% of the australian population. Known as aortas always online and real-time available. Eagerness to (cid:858)find a (cid:271)etter way to do things(cid:859)

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